1. How To Spot And Screen For Chart Patterns With Finviz: Introduction
  2. How To Spot And Screen For Chart Patterns With Finviz: Quick Summary List
  3. How To Spot And Screen For Chart Patterns With Finviz: Comprehensive Chart Pattern Screener
  4. How To Spot And Screen For Chart Patterns With Finviz: Manually Filter The Results
  5. How To Spot And Screen For Chart Patterns With Finviz: Conclusion

Whether the quick summary list is used, or a comprehensive stock screen conducted for chart patterns, some manual work is still required. The chart pattern screener narrows down the list of available stocks to trade, but not all of them will be worth trading.

For instance, in Figure 5 above, the stocks shown have already broken out of their rising wedge formation. Some traders may like this, as they can wait for a rebound and then go short, while other traders may only want to trade the initial breakout and therefore are only looking for stocks that are still within the pattern.

When a potential trade candidate is found, the trader may want to redraw the chart pattern on his or her own chart to find the actual breakout point, based on their own interpretation of the pattern.

Some traders draw chart patterns along price extremes, while others exclude price extremes. The Finviz chart patterns are therefore only an interpretation of a chart pattern. The trader must then decide if they agree with that interpretation or if they would draw the pattern using different prices as support and resistance.

In this way, Finviz provides traders with a list of potential chart patterns that meet certain criteria, but it is still up to the trader to pick from that list the patterns that provide the most potential to them.

How To Spot And Screen For Chart Patterns With Finviz: Conclusion

Related Articles
  1. Investing

    How To Interpret Technical Analysis Price Patterns: Triple Tops And Bottoms

    Triple and double tops and bottoms may be tough to spot, but once you learn them, they can be powerful patterns.
  2. Trading

    Continuation Patterns: An Introduction

    Those random movements in the charts actually form patterns. Learn the basics of what these patterns are.
  3. Trading

    Most Commonly Used Forex Chart Patterns

    These chart patterns provide entries, stops and profit targets that can be easily seen.
  4. Trading

    Breakout Stocks to Watch Right Now

    These three stocks are near major breakout points, which will affect the short-term, and potentially the long-term direction of the stocks.
  5. Trading

    Advanced Candlestick Patterns

    Go beyond the basics! Learn to identify and trade island reversals, kicker patterns and more.
  6. Trading

    Five Chart Patterns You Need to Know

    Learn about five time-tested and trusted chart patterns that have been helping investors yield high returns for over a hundred years.
Trading Center